Budget proposals could make India the “strictest TP regime in the world”
February 28, 2011
Matthew Gilleard - ITR
India’s budget, announced Monday, could make India one of the strictest transfer pricing regimes in the world, according to advisers.
The Direct Taxes Code (DTC), which will replace the Income Tax Act on April 1 2012, meant there were no real expectations for comprehensive taxation coverage in Finance Minister Pranab Mukherjee’s budget but proposals for transfer pricing include increased power for transfer pricing officers (TPO) and anti-avoidance measures.
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